topic Re: Roadmap to CSP help.. in Credit Cards

Roadmap to CSP help..

JaeJae12 — Wed, 12 Jun 2013 20:18:56 GMT

Hey all I had applied for the CSP like 2 months ago and was deny for not having a CL of 5k during recon..I had also did some app spree then..

Any helpful tips for me to finally get the last card I want?

Anyways the card I possess now are:
1. Amex BCE ( 2k CL) - 61 day ClI eligible by next week , hopefully I am approved for 6k

2. BoA 123- 2.8k
3. chase freedom- 2.4k
4. Citi Forward- 2.8k
5. Citi THank you Preferred : 3.5k
6. Discover it : 1.5k

Yes I added 5 new TL for credit mix... And I will also be gardening or awhile, but I just want some advices to improve my existing CL...The oldest card is my BOA, while the others r recently new..

I have no baddies/bk/ lates nt
My CR sores are: TU(796), EX(772), EQ(735)
Last I check, but I shud drop abit due to 5 new accounts n inquires..

Thanks,

Re: Roadmap to CSP help..

Anonymous — Wed, 12 Jun 2013 20:22:24 GMT

you don't have to have a card that's 5000+ all you need is one on your report (au) will suffice besides that a 720+ score and you're pretty guarentteed imo. I got one with low AAOA

Re: Roadmap to CSP help..

JaeJae12 — Wed, 12 Jun 2013 20:31:45 GMT

Not really I was deny with a 796 CS with the letter they sent. They used EXperian and the reason I was deny according to recon was not having a CL of 5000 minimum and not having other CC.. I think when they pulled my CR they only saw my BOA because the report has not updated with the new CC's yet.. But I still need to garden for at least 6months before trying again and trying to get a cL of 5000, that why I am asking for advice on how to do that and be prepare for the CSP again..

Re: Roadmap to CSP help..

Anonymous — Wed, 12 Jun 2013 20:35:37 GMT

@JaeJae12 wrote:
Not really I was deny with a 796 CS with the letter they sent. They used EXperian and the reason I was deny according to recon was not having a CL of 5000 minimum and not having other CC.. I think when they pulled my CR they only saw my BOA because the report has not updated with the new CC's yet.. But I still need to garden for at least 6months before trying again and trying to get a cL of 5000, that why I am asking for advice on how to do that and be prepare for the CSP again..

if you read what was stated I said you don't have to have an account yourself that's over 5000, just an AUTHORIZED USER account that is over $5,000 is what is required.

Re: Roadmap to CSP help..

JaeJae12 — Wed, 12 Jun 2013 20:40:01 GMT

There is no acc/ people I know with a CL of 5000 that I can be a AU on..

Re: Roadmap to CSP help..

Anonymous — Wed, 12 Jun 2013 20:44:06 GMT

@JaeJae12 wrote:
There is no acc/ people I know with a CL of 5000 that I can be a AU on..

Regardless you stated that your 2k credit limit is up for 3x in a couple weeks so just be patient

Re: Roadmap to CSP help..

red259 — Wed, 12 Jun 2013 20:44:20 GMT

Best bet seems to be to garden for awhile. I would wait at least the six months for your new accounts to age and to lessen the impact of the inqs. Applying for the CLI through amex is a good idea and you may want to wait until you do your second CLI through amex six months later in order to maximize your chances at a decent CL with the CSP. I'm not sure the policy with citi and discover on CL increases but once you have had those cards for six months you may want to take a run at them for CLI as well if it is not a HP. It seems to me you should be able to get the CSP the only issue is as to when. This assumes that you have income to support the CL increases needed.

Re: Roadmap to CSP help..

Anonymous — Wed, 12 Jun 2013 20:44:43 GMT

The 5000 CL is not a hard requirement, but having it will increase your chances simply because chase doesn't want being the guinea pig to offer you your first 5k CL.

Jaejae, since you have several new accounts, just garden for the next 4-6 months at the very least, then apply. If you are to apply right now you most likely will be denied for having too many new accounts.

Re: Roadmap to CSP help..

Laugh — Wed, 12 Jun 2013 20:56:42 GMT

You don't need a 5k CL to get the CSP.

When did you open the chase freedom? if its new, use it heavily for 6 months and then apply again. It helps a lot if you bank with them.

Re: Roadmap to CSP help..

JaeJae12 — Wed, 12 Jun 2013 20:57:09 GMT

Yes know, I wrote I would garden for awhile lol, I just want some advice to improve my current CL...while patiently waiting to reapply for the csp again.. And since I have the freedom( as well as opening a checking/saving)I am building a relationship with them while gardening...

Re: Roadmap to CSP help..

Anonymous — Wed, 12 Jun 2013 21:01:58 GMT

Just try to use your cards more rather than to use cash or debit, if possible. And make sure you are able to keep your debt levels low. Basically practice good credit habits and you will be fine in 6 months. That card really isn't that hard to get at all if all you are shooting for is a 5k CL